Group items tagged

This article describes how the U.S. is considering becoming more self-suffiecient in the fuel industry. The want to decrease their  imports and increase exports. Decreasing their imports will decrease import cost, increasing the aggregate supply. Simultaneously, increasing export will increase aggregate demand. This will shift the U.S. from a net importer to a net exporter.

great article about the macroeconomy of S.Korea. Maybe it gives too much info so it leaves less space for analysis.

This article describes the devaluation of the fixed currency rate of Nigeria as a result of the decreased energy prices. Nigeria is an oil producing country and therefore earns a lot of its income through oil exports. Now that the prices of other energy has dropped, there is a lower demand for the Nigerian oil, leading to fewer exports. The Nigerian central bank has now devaluated its currency by 8.4 percent in the hope that the lower prices will encourage a greater demand for their oil exports.

This article is about an export-promotion strategy the government is going to follow to promote the telecom sector. Increases in the revenue from this sector are expected, and I found the article very interesting since India is one of the developing countries developing at the fastests rates.

This article is about when a large firm- NextStage decides to merge with another firm. The merger should help lift the firm's value. The firm and the other firm- VuQo would provide a platform to raise capital and then be able to create a high-potential export product from the Philippines. Also, the merge will benefit for VuQo's part since it brings positive strategic synergy that will create more business opportunities and hence might increase the value of VuQo.

Propane producers try to gain more by selling more. But they need a greater demand. Since natural gas and propane are substitute goods, and the natural gas industy has recently boomed, propane lost a lot of demand. So "propane distributors seek to boost demand with land mowers" and by exporting these two complementary products to other countries.

Agustin Carstens, governor of the Central Bank of Mexico warns about the spillover affects into the developing world from advanced economies' banks' monetary policies. Money has found its way into emerging markets leading to higher exchange rates and weakening exports according to Carstens. This is a dangerous bubble that could be liable to burst should growth pick up soon. Overall this article provides an interesting insight into how one countries policy choices can have global consequences and how international economics really is.

The recent fall in oil prices, largely due to America's newfound dominance in the market, will cause Russia to experience a balance of payments deficit, according to this article from the Guardian. This is based on Russia's overestimate of the forecast for the global oil price and can be said to be an example of how global prices often influence balance of payments for countries, especially when it concerns national resources.

This article from Belarusian news agency BeITA explains the exchange rate policy of the Belarusian National Bank, as described by Deputy Chairman Sergei Kalechits. It explains policy regarding the managed float status of the Belarusian Ruble and how the government pursues a balanced policy surrounding the currency, aiming to reduce the interest rate whilst maintaining competitive advantage with domestic exports.

This article talks about the loss of faith there is in the Euro currently because of the conflict with Ukraine and Russia, and how that negatively impacts the UK because its main export zone is Europe. Also, it mentions that the pound is strong when maybe it would be better if the pound was weak, so that refers back to our debate of "Is it better to have a strong or weak currency?"

This article discusses the tariffs on Chinese coal exports from Australian coal mines to China. It discusses how it protects the local Chinese coal industry and how it affects Yancoal (the exporting coal company) exports.

The article talks about how Britain is facing a deficit balance of payments. The state of the world's economy means that exports are not bringing in the country as much money as is needed, and British firms' earnings abroad are not a lot either. As a result, Britain is facing a problem, which can be solved by trying to incentivise exports (as the article discusses).

The article is talking about the overall decrease in output in the UK. According to the article, some industries have been responsible for this, such as the industries of electronics, food and beverages. This hence affected the overall economical situation in the country which also affected the levels of imports and exports. The interesting thing is that even though the production has fallen in the short run, in the long run it was doing okay this demonstrates how we shouldn't judge from the short run situation and that we should take a look the overall result from the long run 

From Al Jazeera I chose this article about the poor state of the economy in South Africa, 20 years after Nelson Mandela and the ANC came to power, ending the system of political, social and economic segregation, Apartheid. Despite reforms in the 90's the majority of wealth and power is still held by rich whites. With around 30% unemployment rate and young people struggling to find work many feel only anger and resentment to the current ANC government led by Jacob Zuma. Economically speaking South Africa's imports are up and exports down, reducing GDP as AS is shifted left. This is especially evident in industries like mining and banking which many are now calling for to be nationalised. 20 years on from Nelson Mandela's historic victory in the 1994 general election, South Africa, despite being free of the shackles of segregation is not in the boom many predict. The ANC must be careful in there actions, should they, following the death of Madiba lose contact with his legacy and what he stood for.

this article shows how some regulations in some countries could effect export of other countries and how the WTO handles the situation to ensure fare trade.  

This article describes how the US is trying to impose a Tariff on sugar imports. The reason for this tariff is that the Mexican sugar producers are being subsidized and can therefore export their sugar for a lower price which undermines the American producers. The tariff should narrow the gap between the American prices and the Mexican import. prices.

The article is about Greek firms that use offshoring to reduce the costs of production. They have been shifting production to countries like Bulgaria in a greater and greater extent. As the producers claim, they can spend only a third of their former costs in countries less developed than Greece.

After 75 years of barring foreign investment into her oil fields, the Mexican government (particularly President Enrique Pena) is set to repeal laws that had previously ensured a state monopoly of Mexican crude oil. As one of the biggest crude resources in the Western Hemisphere, this move poses a dramatic increase in North American crude exports, which will rise to second in quantity behind only Saudi Arabia. The bill to end the monopoly was approved by the Mexican Congress in mid-December and could see foreign investment eventually rise to approximately $15 billion per year. However, potential issues arise in the form of material delays, local opposition to drilling and a lack of pre-existing infrastructure.

This article discusses how the Netherlands are finally picking up after a 2 year long recession. One of the main problems during the recession was that the Dutch citizens became afraid to spend money because they were unsure of their financial state in the near future. This caused a sort of glitch in the macroeconomic cycle of Holland, because people stopped spending and the companies stopped making as much income, therefore people got fired, and the cycle continues on. The economy in Holland is finally picking up and the GDP is said to rise by 0.75% this year.

This article discusses Germany's GDP in detail

The attached article compares and contrasts the contribution made to aggregate demand by varying foreign and domestic demand. It states, that despite relative increases in demand overall (especially in public opinion), domestic demand figures are still low. Instead, foreign trade appears to make up the majority of aggregate demand in the overall economy.